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Waterford

Waterford

Located in Oakland County

$320,239 Average Value
$213 Average Price per Sq Ft
96 Homes For Sale

Water, water everywhere

There isn’t quite as perfect a name for a place than that of Waterford. This township is home to a large array of lakes, providing serene natural backdrops to this corner of southeastern Michigan. Taking out boats, going for a swim or just enjoying the great outdoors is always an option here with its plentiful bodies of water. However, there is plenty to explore in Waterford beyond its recreational areas. The township also has lots of places to find unique apparel, a good meal and a lively event to attend.

Swimming, hiking and more

Waterford’s many parks offer lots of ways to get fresh air and exercise and even find local wildlife. Dodge #4 State Park draws many visitors to its beach at the immense Cass Lake. Drayton Plains Nature Center includes an interpretive nature center, fish hatchery ponds and several hiking trails. Pontiac Lake Recreation Area has an 11-mile trail mountain bike trail that has been ranked among the top 100 trails in the United States. Little ones can enjoy the animal exhibit farm, ball pit and playground at Hess-Hathaway Park. In the warmer months, golf players can hit the ranges at the Pontiac Country Club and Waterford Oaks Wave Pool is a great spot to cool off and beat the heat.

Shopping and dining out in Waterford

When Waterford residents need to purchase groceries, they can visit Kroger and Meijer, both popular supermarket chains with locations in town. The Oakland County Farmers Market supplies fresh produce and locally made goods while the Oakland Pointe Shopping Center and Oakland Mall also provide more retailers. The Dixieland Flea Market, a state landmark for over four decades, holds over 200 vendors and visitors can find a diverse market of items from everyday treasures to rare gems. When dining out, there are plenty of spots to grab a bite. Popular restaurant Fork N’ Pint, which serves up burgers, artisan pizzas and smokehouse meats, has won several accolades from the Oakland Press’s “Best of the Best: Readers Choice Awards.”

Local events and culture in Waterford

There are frequent opportunities to attend fun community events in Waterford. The Waterford Festival of the Arts is held at the recreation center and hosts 50 vendors and artisans. Autumn kicks off with Harvest Happening's hay rides, crafts and concessions. Storytime Saturdays at the Farm bring local farmers to Hess-Hathaway Park for an interactive story hour with the local children. Residents of faith will find many houses of worship around, including Bethany Baptist and The Eternal Mother Temple.

Lakeside homes

Given the plentiful lakes in the township, it’s no surprise that many homes have water views and their own private docks. Residents can expect to see many ranch-styles and Craftsmans dotting the lakeside neighborhoods, and condominiums are also available. There are also several homeowners’ associations in the township and a Neighborhood Preservation Corps, showing how residents maintain pride in the maintenance of their communities. Waterford home prices range between $72,000, such as for a one-bed/ one-bath condo and $1.9 million for a larger waterfront property with four beds and eight baths. Homes sell after about 27 days on market, compared to the national average of 42 days. The median price for a home is $249,950, which is up 2% from the previous 12 months, as of March 2024.

Waterford School District

Students in Waterford primarily attend schools in the Waterford School District. The district received a C-plus grade from Niche and includes nine elementary schools, two middle schools and three high schools. The district was also internationally accredited and over 70% of its teachers hold master’s degrees or higher. College-age students can attend the Highland Lakes campus of Oakland Community College, which is seven miles away. The college has over 70 transfer agreements with four-year-institutions including Wayne State University and the University of Michigan (Ann Arbor campus.)

Transportation and other important services

State Route 24, locally known as Telegraph Road, is an important road. This state route begins in Auburn Hills at the Interstate-75 interchange and traverses northward through the “thumb” of Michigan. State Route 59 – which runs as Highland Road in its Waterford segment – and extends from Howell to Mount Clemens. The average commute time within Waterford is 27.5 minutes. The city is eight miles to Pontiac, 38 miles to Detroit and 45 miles to Ann Arbor. Residents who need to catch a flight can drive less than four miles over to Oakland County International Airport, and for those who need medical care, Assist 1 Medical Center and Pontiac General Hospital are available.

Crime and environment

The crime rate in the township has been experiencing a slight upward trend. Data from the FBI’S Crime Data Explorer shows that there were 142 all-violent crimes and 156 offenses committed in 2021. The next year, there was a 5.3% rise in crime, with 150 all-violent crimes and 163 offenses reported. Waterford is served by the Waterford Township Police Department (WTPD). Although the township’s location near several lakes is convenient, an environmental factor that residents should consider is the moderate risk of severe heat. The township makes efforts to be eco-conscious, like their annual Earth Day Township Clean-up Events and their work with the state Department of Environment, Great Lakes and Energy to protect the local wetlands.

Colette Lane
Photography Contributed By
Colette Lane
Brice Maddox
Video By
Brice Maddox

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Area Facts

Number of Homes
24,275
Number of Homes for Sale
96
Median Year Built
1963
Months of Supply
1.30
Average Single Family Home Size Sq Ft
1,507
Significantly below the national average
1,930
Average Townhouse Size Sq Ft
1,372
Average 2 Bedroom Size Sq Ft
1,238
Average 1 Bedroom Size Sq Ft
937
Median Lot Size Sq Ft
11,761

Open Houses

  • Sunday, Mar 22
    Open Sun 12PM - 2PM

    6522 Saline Dr, Waterford, MI 48329

    $220,000

    • 3 Beds
    • 1 Bath
    • 999 Sq Ft
    • 6522 Saline Dr

    NEW PRICE – $220,000 + $3,000 IN SELLER CONCESSIONS with a full-price offer!Welcome home to this charming 3-bedroom bungalow nestled in one of Waterford’s most desirable neighborhoods! This inviting home blends comfort, convenience, and value — making it the perfect opportunity for first-time buyers, downsizers, or anyone looking for a move-in-ready space with room to grow. Step inside to a

    Agent Photo
    Jamie Scheett
    Keller Williams Premier
    (248) 721-4184
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  • Saturday, Mar 14
    Open Sun 1PM - 3PM

    5658 Crescent Rd, Waterford, MI 48327

    $275,000

    • 3 Beds
    • 2 Baths
    • 1,506 Sq Ft
    • 5658 Crescent Rd
    • New 3 days ago

    Beautifully updated 3-bedroom, 2-bath ranch nestled in a desirable Waterford neighborhood with lake access to all-sports Crescent Lake! Step inside to find an inviting open layout featuring vaulted ceilings, first-floor laundry, and a stunning stone gas fireplace, creating the perfect space for relaxing or entertaining. The kitchen has been thoughtfully updated with quartz countertops, subway

    Agent Photo
    Katie Wright
    Keller Williams Premier
    (248) 516-7846
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  • Saturday, Mar 14
    Open Sun 1PM - 4PM

    2930 Saint Jude Dr, Waterford, MI 48329

    $320,000

    • 4 Beds
    • 2 Baths
    • 1,566 Sq Ft
    • 2930 Saint Jude Dr
    • New 1 day ago

    BEAUTIFULLY APPOINTED SPRAWLING RANCH IN POPULAR JAYNO HEIGHTS WITH LAKE PRIVILEGES ON ALL SPORTS LOON LAKE, INTERIOR RENOVATION DONE IN 2018, BEAUTY CERAMIC FLOORING THROUGHOUT, SPACIOUS CHEF'S KITCHEN W/STAINLESS APPLIANCES, GAS COOK TOP, FRENCH REFRIGERATOR, DISHWASHER & MICROWAVE, STONE BACKSPLASH, BUTLER KITCHEN OFF OF KITCHEN WITH SPACIOUS LAUNDRY ROOM, WASHER & DRYER, TONS OF NATURAL

    Adriana Leaf Max Broock, REALTORS®-Birmingham

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Waterford Has More Owners

Demographics

Total Population
68,713
Median Age
44
Population Density
301 ppl/acre
Population under 18
19.9%
On par with the national average
23.8%
Population over 65
21.2%
On par with the national average
19.1%

Finances

Median Household Income
$70,419
Below the national average
$79,601
Average Household Income
$89,915

Education and Workforce

High School Graduates
91.7%
College Graduates
28.1%
Below the national average
34.1%
Advanced Degrees
9.4%
On par with the national average
13.3%
% Population in Labor Force
67.7%

Weather

Annual Precipitation
34''
Average Winter Low Temperature
18°F
Average Summer High Temperature
82°F
Annual Snowfall
31''

Area Factors

Fairly friendly

Bike Score®®

40 / 100

Fairly friendly

Walk Score®®

50 / 100

Not friendly

Transit Score®®

0 / 100
Source: Local Logic
Sources: Local Logic

Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Waterford